i continue the conversation with patrice louvet. u look at pricing, you have also been able to really elevate the brand by increasing prices. is there a limit to how much you can increase prices before it hurts demand? patrice: it is up close to 80% since we started on this journey. short answer is i don't think there is a limit as long as we do a good job of elevating the product, the storytelling, the environment, making sure the customer sees the value, and they have so far. our value perceptions are at the highest since we have been tracking, but the onus is on us to provide this consistent elevation, that the consumer sees it, and it supports this elevation in retail. francine: talk to me about china. it has huge potential but is essentially still quite a small market for you. patrice: huge short, midterm, and long-term market for us. it is double what it was four years ago, but still quite small when you look at the penetration of the chinese business for some of the best players in the luxury industry that are putting percent,